Should Retirees Pay Off Their Mortgage?, $725M Facebook Settlement Deadline, Big State Tax Changes

Saving vs. Investing: Which Is Best? | New State Tax Changes You Need to Know | Should I Pay Off My Mortgage When I Retire? Created for {EMAIL} | [Web Version]( August 14, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Financial Planning [] [Saving vs. Investing: Which Is Best?]( [Saving vs. Investing: Which Is Best?]( (Getty Images) Saving and investing are both key parts of a solid financial plan. The [key is to understand your financial goals](, your risk appetite and your time horizon, before making your choice, which could be to save, invest or both. [] Taxes [] [New State Tax Changes You Need to Know]( [New State Tax Changes You Need to Know]( (Getty Images) Federal taxes get a lot of attention, but state taxes can affect your paycheck and how much you pay for everything from groceries to gas and your property. Here is a summary of some [key state tax changes for 2023]( that you need to know about. [4 Must Ask Questions About Real Estate Investing]( Today it's easier than ever for smaller investors to access the CRE marketplace. [LEARN MORE]( ADVERTISEMENT [] Real Estate [] [Should I Pay Off My Mortgage When I Retire?]( [Should I Pay Off My Mortgage When I Retire?]( (Getty Images) If you have the money necessary to pay off your mortgage and you are retired, or nearly retired, you might be tempted to just rip off the bandaid. Evan Beach, CFP, explains how to locate yourself in one of three categories and [find the right approach for your financial situation](. [] Personal Finance [] [Facebook Settlement: 2 Weeks Left to Claim Part of $725M Privacy Settlement]( [Facebook Settlement: 2 Weeks Left to Claim Part of $725M Privacy Settlement]( (Sean Gallup/Getty Images) Current and former Facebook users who were active on the platform between 2007 and 2022 have two weeks left to claim a share of an eye-popping settlement sum. Read on to find out how to [claim your piece of the giant payout](. [Retirement Savings Made Easy]( Vanguard Advisors can help you think through your retirement income and budget and balancing your expectations for growth with a disciplined approach to risk. [There's never been a more perfect time to get started](. 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See how these popular brokerage firms stack up when it comes to fees, resources, and specific services, so you can decide on the right fit for you. [LEARN MORE]( ADVERTISEMENT [] Banking [] [Are Your Bank Deposits Safe?]( [Are Your Bank Deposits Safe?]( (Getty Images) Many Americans got financial heartburn over the collapses of Silicon Valley, Signature, and First Republic Banks. Savers might feel a sense of deja vu following Moody's recent downgrade of 10 midsize banks. We explain how you can [calculate and reduce your deposit risk](. ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. 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